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§ 3-113. Attributes of all bonds and notes

West's Annotated Code of MarylandNatural ResourcesEffective: October 1, 2009

West's Annotated Code of Maryland
Natural Resources
Title 3. Environmental Programs (Refs & Annos)
Subtitle 1. Maryland Environmental Service (Refs & Annos)
Effective: October 1, 2009
MD Code, Natural Resources, § 3-113
§ 3-113. Attributes of all bonds and notes
Signature of officer on bonds, coupons, or notes
(a) If any officer whose signature or a facsimile of whose signature appears on any bonds or notes ceases to be the officer before the delivery of the bonds or notes, the signature or facsimile is nevertheless valid and sufficient for all purposes as if he had remained in office until delivery.
Status as negotiable instruments
(b) Notwithstanding any other provision of this title or any recitals in any bonds and notes issued hereunder, all bonds and notes shall be deemed to be negotiable instruments under the laws of the State.
Coupon or registered form of bonds
(c) The bonds may be issued in registered form or in such other form as determined by the Board. Provision may also be made for the replacement of bonds which become mutilated or are lost or destroyed.
Construction with State Finance and Procurement §§ 8-206, 8-208
(d) The bonds and notes are exempt from the provisions of §§ 8-206 and 8-208 of the State Finance and Procurement Article. The Service may sell its bonds and notes in the manner, either at public or at private sale, and for the price it determines.
Other units of State government
(e) The bonds and notes may be issued by the Service without obtaining the consent of any unit of the State government, and without any other proceedings or the happening of any other conditions or things than those specifically required hereunder.

Credits

Added by Acts 1973, 1st Sp. Sess., c. 4, § 1, eff. Jan. 1, 1974. Amended by Acts 1985, c. 717, § 1; Acts 1989, c. 815; Acts 1993, c. 196, § 1; Acts 2009, c. 183, § 1, eff. Oct. 1, 2009.
Formerly Art. 33B, § 12.
MD Code, Natural Resources, § 3-113, MD NAT RES § 3-113
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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